Broomfield, Colorado (ots-PRNewswire) - No additional proceeds to
be raised by exchange offers. Level 3 Communications, Inc.
(Nasdaq: LVLT) today announced that it has commenced its offer to
exchange all of its currently outstanding US dollar denominated 11%
Senior Notes due 2008, 11 1/4% Senior Notes due 2010 and 12 7/8%
Senior Discount Notes due 2010 that were privately placed in March
2000 with a new issue of 11% Senior Notes due 2008, 11 1/4% Senior
Notes due 2010 and 12 7/8% Senior Discount Notes due 2010,
respectively, each of which has been registered with the Securities
and Exchange Commission. The US dollar denominated exchange offer
will expire on July 12, 2000 at 5 p.m. EDT unless extended by the
company. No additional proceeds will be raised in connection with
this exchange offer.
Level 3 also announced that it has commenced its offer to exchange
all of its currently outstanding euro denominated 10 3/4% Senior
Notes due 2008 and 11 1/4% Senior Notes due 2010 that were privately
placed in March 2000 with a new issue of 10 3/4% Senior Notes due
2008 and 11 1/4% Senior Notes due 2010, respectively, each of which
has been registered with the Securities and Exchange Commission. The
euro denominated exchange offer will expire on July 12, 2000 at 5
p.m. EDT unless extended by the company. No additional proceeds will
be raised in connection with this exchange offer.
About Level 3 Communications
Level 3 (Nasdaq: LVLT) is a communications and information
services company offering a wide selection of IP-based services
including broadband transport, colocation services, submarine
transmission services and the industry's first Softswitch* based
services. Level 3 offers services primarily to Web-centric companies,
which deliver their services over the Level 3 Network. The Level 3
Network will include metropolitan networks in 56 U.S. markets and 21
international markets, with 6.5 million square feet of Gateway and
technical space. These metropolitan networks will be interconnected
by intercity networks in the U.S. (approximately 16,000 miles) and
Europe (approximately 4,750 miles), and high capacity undersea cable
systems connecting the continents. Level 3 expects to substantially
complete the U.S. and first two rings of the European intercity
network during the fourth quarter of 2000. Level 3 currently offers
broadband infrastructure services in 30 U.S. markets and five
European markets. Its Web address is www.Level3.com.
(*Softswitches are advanced software based switching systems that
enable Level 3 to provide services combining the best features of the
Internet and traditional telephone networks.)
Some of the statements made by Level 3 in this press release are
forward-looking in nature. Actual results may differ materially from
those projected in forward-looking statements. Level 3 believes that
its primary risk factors include, but are not limited to: substantial
capital requirements, development of effective internal processes and
systems; the ability to attract and retain high quality employees;
changes in the overall economy; technology; the number and size of
competitors in its markets; law and regulatory policy; and the mix of
products and services offered in the company's target markets.
Additional information concerning these and other important factors
can be found within Level 3's filings with the Securities and
Exchange Commission. Statements in this release should be evaluated
in light of these important factors.
ots Original Text Service: Level 3 Communications, Inc.
Internet: http://recherche.newsaktuell.de
Contact:
media, Josh Howell, Fo.: (USA) 720-888-2517, or
Paul Lonnegren, Fon: (USA) 720-888-6099, or
investors, Robin Miller, Fpon: (USA) 720-888-2500,
all of Level 3 Communications
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Web site: http://www.level3.comOriginal-Content von: Level 3 Communications, übermittelt durch news aktuell